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How Private Taxi Hire Businesses Can Improve Customer Loyalty with Technology According to a *statistical report, acquiring a new customer can cost businesses 5-25 times more than retaining an existing customer. But still, as per the same report, 44% of businesses prioritize customer acquisition, while only 18% prioritize customer retention. One more statistic that is very crucial to understand in the report is that companies have a 60-70% chance of selling to an existing customer while only a 5-20% chance of selling to a new customer. These statistics clearly suggest how crucial it is for businesses to retain customers. It not only drives more business for them but also enhances their long-term success rate and revenue. So, private taxi hire businesses must keep their focus intact on delivering great service to customers and turning them into a loyal customer base. To do so, they must go the extra mile and offer their customers more than just a transportation medium that helps them reach from location A to location B. Discover how private taxi hire businesses can enhance customer loyalty by adopting technology such as taxi dispatch software. Elevate customer experience and build a loyal customer base. More details on Yelowsoft's https://www.yelowsoft.com/blog/how-private-taxi-hire-businesses-can-improve-customer-loyalty-with-technology/. We are an all-in-one cloud based taxi booking and dispatch software company. We help taxi businesses to find solutions for their business challenges.